J. Goldman & Co LP Acquires New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

J. Goldman & Co LP purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 539,728 shares of the company’s stock, valued at approximately $41,494,000. Ollie’s Bargain Outlet comprises 1.1% of J. Goldman & Co LP’s holdings, making the stock its 13th largest position. J. Goldman & Co LP owned approximately 0.89% of Ollie’s Bargain Outlet as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Ollie’s Bargain Outlet by 28.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after acquiring an additional 615 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after acquiring an additional 1,957 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Ollie’s Bargain Outlet by 12.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after acquiring an additional 19,837 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OLLI shares. JPMorgan Chase & Co. upped their price target on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group lowered their target price on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Gordon Haskett reiterated an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Finally, Piper Sandler dropped their price objective on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.20.

Ollie’s Bargain Outlet Trading Down 2.3%

Shares of Ollie’s Bargain Outlet stock opened at $74.61 on Wednesday. The firm has a market cap of $4.51 billion, a PE ratio of 18.42, a PEG ratio of 1.35 and a beta of 0.46. The stock has a 50 day moving average of $72.47 and a 200 day moving average of $86.11. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $140.17.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.